Tether Partners with Da Nang City to Boost Blockchain-Based Governance

**Tether Partners with Da Nang City to Advance Blockchain-Powered Digital Governance**

Tether, a leading entity in the digital asset industry, has entered into a Memorandum of Understanding (MoU) with the People’s Committee of Da Nang City, Vietnam. This strategic collaboration is set to foster the development of blockchain-powered digital governance and infrastructure in the city.

### Advancing Digital Infrastructure

The MoU lays the foundation for Tether and Da Nang City to jointly explore and implement blockchain technologies, digital assets, and peer-to-peer innovations. By adopting international best practices, the partnership aims to enhance transparency, efficiency, and resilience in Da Nang’s digital governance systems.

### Policy and Innovation Support

A key aspect of the agreement is Tether’s commitment to supporting the development of policies conducive to blockchain technology and digital assets within the city. This involves introducing sandbox experimentation and the tokenization of real-world assets (RWAs). Leveraging its global expertise, Tether will assist Da Nang City in aligning its frameworks with international standards, including elements modeled after the Plan ₿ initiative.

### Educational and Training Initiatives

Tether and Da Nang City will collaborate with Vietnamese universities and research institutions to promote education in blockchain and artificial intelligence (AI) technologies. Together, they plan to design specialized training programs focused on building local capacity for managing blockchain-based payment systems. These efforts aim to modernize the local transactional ecosystem and promote greater financial inclusion.

### Strategic Vision

Paolo Ardoino, CEO of Tether, highlighted Da Nang’s emerging status as a hub for digital governance in Southeast Asia. He emphasized that the city’s forward-looking vision aligns closely with Tether’s mission to build inclusive and efficient digital ecosystems.

Ho Ky Minh, Standing Vice Chairman of the Da Nang People’s Committee, reiterated the city’s ambition to become a trusted destination for global technology and financial corporations. He views the partnership with Tether as a pivotal move in achieving this goal.

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This MoU reflects Tether’s overarching objective of bridging traditional finance with decentralized innovations—promoting transparency and sustainable growth. Da Nang’s strategic location, robust digital infrastructure, and progressive regulatory environment position it as a key player in attracting global technology investments and driving blockchain innovation.
https://bitcoinethereumnews.com/blockchain/tether-partners-with-da-nang-city-to-boost-blockchain-based-governance/